> The other thing is due to the K-shaped economic recovery, where companies realized the bottom 90% have no money and don't bother to try for their business at all. Concert tickets have similarly increased in price and decreased in supply.
You see this all over the economy. Since 1980, income of the top 10%, subtracting the top 1%, has increased much more than the income of the middle 20%. That’s why every brand is trying move upmarket. Disney World ticket prices have increased vastly more than inflation, because the company is willing to ditch middle class customers to chase a more affluent customer base: https://nypost.com/2022/08/03/disney-world-prices-up-3871-in...
This is also why “middle class luxury” chains like Sizzler have gotten squeezed out.
You see this all over the economy. Since 1980, income of the top 10%, subtracting the top 1%, has increased much more than the income of the middle 20%. That’s why every brand is trying move upmarket. Disney World ticket prices have increased vastly more than inflation, because the company is willing to ditch middle class customers to chase a more affluent customer base: https://nypost.com/2022/08/03/disney-world-prices-up-3871-in...
This is also why “middle class luxury” chains like Sizzler have gotten squeezed out.